Aperio Group LLC increased its stake in SEI Investments Company (NASDAQ:SEIC) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,760 shares of the asset manager’s stock after buying an additional 662 shares during the period. Aperio Group LLC’s holdings in SEI Investments were worth $1,493,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of SEI Investments by 6.5% in the first quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock valued at $112,000 after buying an additional 136 shares during the period. First Mercantile Trust Co. increased its position in shares of SEI Investments by 165.6% in the first quarter. First Mercantile Trust Co. now owns 2,404 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,499 shares during the period. Pacer Advisors Inc. increased its position in shares of SEI Investments by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares during the period. Mosaic Family Wealth LLC increased its position in shares of SEI Investments by 3.6% in the first quarter. Mosaic Family Wealth LLC now owns 2,976 shares of the asset manager’s stock valued at $150,000 after buying an additional 103 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of SEI Investments during the first quarter valued at about $159,000. Institutional investors own 70.07% of the company’s stock.
Shares of SEI Investments Company (NASDAQ:SEIC) traded up 0.45% during mid-day trading on Friday, hitting $55.71. 334,407 shares of the company traded hands. The stock has a market capitalization of $8.81 billion, a PE ratio of 25.54 and a beta of 1.33. SEI Investments Company has a 1-year low of $42.90 and a 1-year high of $57.50. The firm’s 50 day moving average price is $55.24 and its 200-day moving average price is $51.99.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $372.30 million for the quarter, compared to analysts’ expectations of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. On average, equities research analysts forecast that SEI Investments Company will post $2.28 EPS for the current year.
Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Mizuho assumed coverage on shares of SEI Investments in a report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price target for the company. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of SEI Investments in a report on Thursday, April 20th. Oppenheimer Holdings, Inc. upped their price target on shares of SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.75.
In related news, major shareholder Alfred P. West, Jr. sold 100,000 shares of SEI Investments stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $56.40, for a total value of $5,640,000.00. Following the transaction, the insider now owns 10,836,282 shares in the company, valued at approximately $611,166,304.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 84,116 shares of SEI Investments stock in a transaction on Friday, June 9th. The stock was sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the completion of the transaction, the insider now owns 10,952,166 shares in the company, valued at approximately $568,636,458.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 382,500 shares of company stock worth $20,982,527. 17.10% of the stock is owned by corporate insiders.
SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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